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Jan 21, 2013
01/13
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WBAL
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you're going to need more revenues as well as more cuts to get the deficit down. and i've talked to leader reid. i've talked to budget chair murray. we're going to do a budget this year. and it's going to have revenues in it. and our republican colleagues better get used to that fact. >> senator cruz? >> david, i'll mention there was an area of substantial agreement with what chuck just said. he said we should never, ever compromise the full faith and credit of the united states. i agree. and in fact, there is a bill that i am co-sponsoring, the full faith and credit act, which provides that, regardless of what happens to the debt ceiling, the united states will always, always, always meet its debt. we will never default on its debt. that was introduced in 2010. it didn't pass because harry reid and president obama didn't want it to pass. they wanted to raise the specter of a default to use. so, chuck, you and i could make news right now on national television, would you agree to support the full faith and credit act and take the possibility of a default off the t
you're going to need more revenues as well as more cuts to get the deficit down. and i've talked to leader reid. i've talked to budget chair murray. we're going to do a budget this year. and it's going to have revenues in it. and our republican colleagues better get used to that fact. >> senator cruz? >> david, i'll mention there was an area of substantial agreement with what chuck just said. he said we should never, ever compromise the full faith and credit of the united states. i...
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Jan 21, 2013
01/13
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it's too big, the deficit to my commanding gauges the economy. melissa: they were you are. don't move. i want to talk to you about what kneele just brought up. the debt ceiling debacle and those comments from chuck schumer. all of that after the break. the staggering death toll in the algerian hostage crisis keeps rising. reports say more than 80 people were killed including three americans. now some question why the algerian government acted the way it did. we have details on the latest developments. more "money" coming up. don't go away. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate
it's too big, the deficit to my commanding gauges the economy. melissa: they were you are. don't move. i want to talk to you about what kneele just brought up. the debt ceiling debacle and those comments from chuck schumer. all of that after the break. the staggering death toll in the algerian hostage crisis keeps rising. reports say more than 80 people were killed including three americans. now some question why the algerian government acted the way it did. we have details on the latest...
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Jan 16, 2013
01/13
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CNBC
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the deficit isn't the product of spending. the economic down turn has left americans making less money in terms of spending. >> we spend each year more than we brought in. >> spending and revenue. our revenue has decreased and american -- >> i got to go. >> i got to go. >> spending budgets they have gone up under president obama and have held at $3.5 billion each year. >> i got to go. we can continue it another time. >> but it is also economic growth which it self might be a function of taxes and spending. if this economy were growing, you would have a substantially lower budget deficit. gentlemen we will welcome you back another time. >> there is at least one state in the northeast that gets it. natural gas shale and it is pennsylvania and the republican governor tom corebet is about to join us. he picks up support from chuck schumer who didn't get an apology for the anti-israel statements. if we were growing at 5% instead of 2% we would be close to a balanced budget today. i'm kudlow we will be right back. at 1:45, the aflac
the deficit isn't the product of spending. the economic down turn has left americans making less money in terms of spending. >> we spend each year more than we brought in. >> spending and revenue. our revenue has decreased and american -- >> i got to go. >> i got to go. >> spending budgets they have gone up under president obama and have held at $3.5 billion each year. >> i got to go. we can continue it another time. >> but it is also economic growth...
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Jan 14, 2013
01/13
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CSPAN
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the consensus is we need 4 trillion dollars to stabilize the debt, deficit. that means we need 1.5 trillion dollars more. the package i authorized to the speaker before the new year would achieve that. we were actually fairly close in terms of arriving at that number. so if the goal is to make sure we're being responsible about the debt and the deficit, it that if the conversation we're having, i am happy to have that conversation. by closing additional loopholes through tax reform, which the speaker has acknowledged can raise money in a sensible way, and by doing some additional cuts, including making sure we are reducing the health care spending, the main driver of the deficit, we can arrive at a package to get this thing done. i am happy to have that conversation. what i will not do is to have that that negotiation with a gun at the head of the american people, the threat that unless we get our way, unless you have medicare or medicaid or otherwise/things that the american people do not believe should be slashed that we will threatened to wreck the entire
the consensus is we need 4 trillion dollars to stabilize the debt, deficit. that means we need 1.5 trillion dollars more. the package i authorized to the speaker before the new year would achieve that. we were actually fairly close in terms of arriving at that number. so if the goal is to make sure we're being responsible about the debt and the deficit, it that if the conversation we're having, i am happy to have that conversation. by closing additional loopholes through tax reform, which the...
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Jan 15, 2013
01/13
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and also deal with the trade deficits, but even more importantly, what do we do to create an environment where businesses can grow and we can expand economic development? because this is still a very, very fragile expansion, though it is a expansion from probably the deepest recession we've ever been in wince the depression. a lot of pent-up demand, so i think this debate is centered on the right thing, what do we do to create an environment where businesses can grow. >> if we need and if republicans argue that what needs to be done is to cut the deficit, they need to perhaps go into default, are you okay with that? ivities illustrates well again i think we need to look at that time it through the lens of economy development. anything to slow this expansion down would have very, very serious consequences to all of us. >> let me ask you about your announcement last week. you were going to hire engineers, computer programmers. last year you announced to add 12,000 jobs by 2015. given everything that's going on, how confident are you that you'll still be able to meet that goal? >> well, i t
and also deal with the trade deficits, but even more importantly, what do we do to create an environment where businesses can grow and we can expand economic development? because this is still a very, very fragile expansion, though it is a expansion from probably the deepest recession we've ever been in wince the depression. a lot of pent-up demand, so i think this debate is centered on the right thing, what do we do to create an environment where businesses can grow. >> if we need and if...
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Jan 21, 2013
01/13
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the deficit solving the committee's to read our committees like that effective? simpson-bowles. >> guest: the greatest mistake the president made is not embracing taylor branch tiemann it cannot today. we wouldn't be here today have you taken the simpson-bowles framework although there was a lot that i didn't like i voted to move it so that we would have the debate two years ago, two plus years ago had we had the debate and actually put something on the floor we would have seen something passed. we would have allowed the legislative process we are not allowing the legislative process to work. there's 25 bills that have come out of the house that won't see the light of day and a set for political reasons, not because they don't address problems for the country but so what we still have is people paying politics and how does that impact of the election and how we live while the barn is burning down. .. we have an hour and a half left in our program and we will continue in just a moment. ♪ >> host: senator coburn coming up on our afterwards the program. he's going
the deficit solving the committee's to read our committees like that effective? simpson-bowles. >> guest: the greatest mistake the president made is not embracing taylor branch tiemann it cannot today. we wouldn't be here today have you taken the simpson-bowles framework although there was a lot that i didn't like i voted to move it so that we would have the debate two years ago, two plus years ago had we had the debate and actually put something on the floor we would have seen something...
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Jan 15, 2013
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he is absolutely prepared to continue to negotiate ways to reduce our budget deficit and that's exactly what we should be doing but we shouldn't be doing it under the threat, the republican threat, of tanking the economy by undermining the full faith and credit of the united states government. we have never done that in the history of this republic and we shouldn't start doing it now. >> all right. congressman van hollen, always a pleasure to speak with you. thank you, sir. >> likewise. >>> the house will vote on the massive hurricane sandy bill and things are heated on the house floor today. >> we are asking, we are pleading and we shouldn't have to beg for money for the northeast to be able to survive. >> but some republicans say they will vote against the bill despite calls from members in their own party to get it done. >>> but first, today's money minute. here's a look at wall street. you see there, the dow down slightly. we'll be right back. [ man ] i've been out there most of my life. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it i
he is absolutely prepared to continue to negotiate ways to reduce our budget deficit and that's exactly what we should be doing but we shouldn't be doing it under the threat, the republican threat, of tanking the economy by undermining the full faith and credit of the united states government. we have never done that in the history of this republic and we shouldn't start doing it now. >> all right. congressman van hollen, always a pleasure to speak with you. thank you, sir. >>...
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Jan 21, 2013
01/13
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FOXNEWSW
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we must make the hard choices to reduce the cost of health care and the size of our deficit area but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [cheers] [applause] we remember the lessons of our past. twilight years were spent in poverty and parents of a child with a disability have nowhere to turn. we do not believe that in this country that freedom is reserved for the lucky or happiness for the few. we recognize that no matter how responsibly we live our lives, any one of us, at any time, they may face a job loss or sudden illness or a home swept away in a terrible storm. the commitments we make to each other through medicare and medicaid and social security, these things strengthen us. [cheers] [applause] they do not make us a nation of takers. they free us to take the risks that make this country great. [cheers] [applause] we, the people, still believe that our obligations as americans are not just to ourselves, but to all prosperity we will respond to the thre
we must make the hard choices to reduce the cost of health care and the size of our deficit area but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [cheers] [applause] we remember the lessons of our past. twilight years were spent in poverty and parents of a child with a disability have nowhere to turn. we do not believe that in this country that freedom is reserved for the lucky...
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Jan 14, 2013
01/13
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we cannot afford a $4 billion a day deficit and trillion dollar plus deficits every single year. we just cannot afford it. so it requires thoughtfulness and it requires that we are going to have a plan to work through this. i think that that's where we as republicans are headed. >> congresswoman marsha blackburn, thank you for taking the time to talk to us. michael, let me get back to you in this meeting that speaker boehner is going to be having and convince that he's going to have to do to conservative members of his party. how tough a sell job? >> i think it's tough. one reason it's tough, i was struck by the congresswoman's comments. i think there is fundamental disagreement about what it would mean not to just have a clean raising of the debt ceiling. so, in other words, if i heard the congresswoman correctly, i think she was reflecting a sense among some people that you could shut down the government, stop paying some bills, pay other bills, pay interest on the debt, for instance, and we could kind of get through it that way. i think a lot of -- a lot of other republicans,
we cannot afford a $4 billion a day deficit and trillion dollar plus deficits every single year. we just cannot afford it. so it requires thoughtfulness and it requires that we are going to have a plan to work through this. i think that that's where we as republicans are headed. >> congresswoman marsha blackburn, thank you for taking the time to talk to us. michael, let me get back to you in this meeting that speaker boehner is going to be having and convince that he's going to have to do...
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Jan 21, 2013
01/13
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again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get to this reviewing stand. you are looking at there and seeing what, robert? it seems like more gamesmanship in both sides with a brief window. >> the economy is better, that is clear. housing is coming back. there is alignment between the business community and the priorities of the executive office. immigration reform. education. corporate tax reform. we need the other things we mentioned, the debt ceiling happened first. otherwise, this is going to be an uncertain year. >> why didn't you get picked if treasury? ing in against jack lew but they need guys like you. >> i am very flattered. fox should start a campaign for me. very flatter
again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get to this reviewing stand. you are looking at there and seeing what, robert? it seems like more...
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Jan 15, 2013
01/13
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bush was -- >> i thought their one idea, david, was cutting the deficit. >> that's -- they say that's the case, but it really is they want to just talk about spending cuts as if that is going to help the economy. and any mainstream economist now tells you that you may have to do that in some ways for long-term deficit implications but that's not good in the short run. even simpson/bowles say don't cut so fast. >> and just to be clear, it's not at all clear that they actually have coherent plans for anything they're suggesting. they have sort of hand waving spending cuts, entitlement reform without really writing down a specific path to get there. >> incredible. david corn and jared bernstein, gentlemen, thank you so much. stay with us. we'll be right back. what do we want to build next ? that's the question. every day. when you have the most advanced tools, you want to make something with them. something that helps. helps safeguard our shores. helps someone see through a wall of fire. helps those nowhere near the right doctor stand a chance. ... feeling in the extremities ? no. techno
bush was -- >> i thought their one idea, david, was cutting the deficit. >> that's -- they say that's the case, but it really is they want to just talk about spending cuts as if that is going to help the economy. and any mainstream economist now tells you that you may have to do that in some ways for long-term deficit implications but that's not good in the short run. even simpson/bowles say don't cut so fast. >> and just to be clear, it's not at all clear that they actually...
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Jan 21, 2013
01/13
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or the deficit. but, if we can save one life through action, we can do it. we think we can get the votes in the senate -- >> assault weapons? >> the president put forward a variety of things, assault weapons and high capacity magazines an universal background checks and mental health. school safety. so, we think there is support for a lot of these things and we'll push as hard as we can. >> chris: finally, less and a minute left, most of obamacare goes into effect at the end of this year, beginning of next year. states are having problems, already, putting the exchanges into effect and insurance companies an employers are having problems. is there any chance the president will say, let's slow down and delay the january 1st, 2014 kick-in of a lot of the stuff and allow people more time to implement it? >> no. no, i think -- no. but hhsr, health department is working with employers and states to be flexible and making sure we work with them very closely. >> chris: january 1st, 2014? >> no, i think that -- the implementation of health care, even though it is a
or the deficit. but, if we can save one life through action, we can do it. we think we can get the votes in the senate -- >> assault weapons? >> the president put forward a variety of things, assault weapons and high capacity magazines an universal background checks and mental health. school safety. so, we think there is support for a lot of these things and we'll push as hard as we can. >> chris: finally, less and a minute left, most of obamacare goes into effect at the end...
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Jan 16, 2013
01/13
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we didn't have a deficit and debt crisis the way we do right now. let's be fair about the facts. we are in a debt crisis. however, when something like this happens, it's an exception to the rule. these people are hurting. they need the help of the federal government, and that's what we're going to deliver today. the bottom line is we're going to move forward and get this done. >> you know, i have been blessed to get to know some of the really good people up in your borough like teddy atlas and your borough president. they're doing great work. tell us how bad it is. we're looking at pictures of the people under water during the flood. have just been devastated. i saw some of that stuff on your own island of staten island a couple weeks ago, it was really rough. >> it's horrendous. this is a war zone. let me be clear, don't forget about -- you see homes crushed. you see people's personal belongings wiped out to sea, but there's also emotional scars that you cannot see. just this past weekend i had a mother tell me her children are deathly afraid when it rains because they think the
we didn't have a deficit and debt crisis the way we do right now. let's be fair about the facts. we are in a debt crisis. however, when something like this happens, it's an exception to the rule. these people are hurting. they need the help of the federal government, and that's what we're going to deliver today. the bottom line is we're going to move forward and get this done. >> you know, i have been blessed to get to know some of the really good people up in your borough like teddy...
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Jan 21, 2013
01/13
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WUSA
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fixing the budget deficit, the federal budget was the most important to 13%. only 5% thought tax reform was important. and you may be looking at this poll and thinking, well, what happened to the war in afghanistan? well, there it is, it comes in at 4%, health care at 5% ending the war in afghanistan the most important priority for only 4% of the american people. but we should not ever forget that as we sit here today approximately 60,000 americans are fighting in afghanistan. the president is drawing those troops down but we have a long way to go yet in that war that is now more than ten years old. john dickerson our cbs news political director, he's down on the national mall, john, you see that 35% by far the largest majority of people in our poll think the president needs to be working on the economy. >> that's still the single most important issue for the president, much further down or much smaller percentage want them work on the deficit. really the deficit and getting the budget picture in order, ending these endless confrontations over the budget will
fixing the budget deficit, the federal budget was the most important to 13%. only 5% thought tax reform was important. and you may be looking at this poll and thinking, well, what happened to the war in afghanistan? well, there it is, it comes in at 4%, health care at 5% ending the war in afghanistan the most important priority for only 4% of the american people. but we should not ever forget that as we sit here today approximately 60,000 americans are fighting in afghanistan. the president is...
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Jan 17, 2013
01/13
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CSPAN2
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that difference represents a deficit of $1.1 trillion. so you can see we are very close to being at a 60 year high in spending, and very close to being at a 60 year low in revenue. so i would say to those who say we just have a spending problem, i think you got that half right. i think we've also got a revenue problem. that needs to be addressed. let's go to the next slide if we can. the result of these deficits and debt is that we now have a gross debt that is more than 100% of our gross domestic product. you can see right in the middle of that graph, in 2012, the gross debt of the united states has now reached 104%. why does that matter? the best academic research, a book by rogoff of harvard, reinhard, the university of michigan i think she was when she did the study, look at 200 use of economic history. and concluded once you get a gross debt of more than 90% of your gross domestic product, your future economic prospects are dramatically reduced. future economic growth is reduced anywhere from 25 to 33%. so these are not just numbers
that difference represents a deficit of $1.1 trillion. so you can see we are very close to being at a 60 year high in spending, and very close to being at a 60 year low in revenue. so i would say to those who say we just have a spending problem, i think you got that half right. i think we've also got a revenue problem. that needs to be addressed. let's go to the next slide if we can. the result of these deficits and debt is that we now have a gross debt that is more than 100% of our gross...
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Jan 15, 2013
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deficit. the president of the united states -- it is laughable that he would talk about republicans not being responsible on debt issues. when this president has been in the white house sin january 20, 2009, and he's yet to do anything significant on social security or medicare. he cut medicare. so he can start a new entitlement program. that's -- not making medicare more sol vent. he doesn't done anything to curb the cost of medical expenses which he said he was going do. he did nothing. he struck back room deals with hospitals, with special interests, and now he's saying republicans are being reckless? no, no. at some point it becomes more reckless to continue raising the debt ceiling without having democrats come forward with a budget, by the president of the united states, coming forward with a plan to save medicare, medicaid, and social security. we had erskine bowles on. he was very clear. steve ratner agrees. zeke emanuel agrees. democrats, good democrats, agree. that medicare and medic
deficit. the president of the united states -- it is laughable that he would talk about republicans not being responsible on debt issues. when this president has been in the white house sin january 20, 2009, and he's yet to do anything significant on social security or medicare. he cut medicare. so he can start a new entitlement program. that's -- not making medicare more sol vent. he doesn't done anything to curb the cost of medical expenses which he said he was going do. he did nothing. he...
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Jan 14, 2013
01/13
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FBC
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governor brown in the state of the states last week said, look, we're finished with the deficit. we're okay. we're in the black, actually. that's what he said. >> well, yes, if you look at the actual numbers behind that, part of eliminating that budget deficit meant pushing off payments towards bond obligation. they took a couple billion off the back end there, and what's interesting, it's easy to claim there's a budget surplus with $6 billion more of the taxpayers money thanks to prop 30, but hidden in the funding means that the governor's now going to back fill pension payments and salaries to stateupon work ores, and that was not part of the promise. >> that's interesting. this prop 30 raised taxes that was in the november election, and it was back dated to january. they are going to bring in an extra $6 million, and mark, you say some of the extra revenue goes towards paying state worker pensions opposed to reinvigorated the health service or the education system; right? >> yes. it also goes towards eliminating a few of the furlough fridays that schwarzenegger posted trying t
governor brown in the state of the states last week said, look, we're finished with the deficit. we're okay. we're in the black, actually. that's what he said. >> well, yes, if you look at the actual numbers behind that, part of eliminating that budget deficit meant pushing off payments towards bond obligation. they took a couple billion off the back end there, and what's interesting, it's easy to claim there's a budget surplus with $6 billion more of the taxpayers money thanks to prop...
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Jan 16, 2013
01/13
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education can be sucked out and your kids can be taught the things that really matter like how the deficit's been destroying the country since january 21, 2009. how zor owes is a hungarian term for class traitor and a man can still have a
education can be sucked out and your kids can be taught the things that really matter like how the deficit's been destroying the country since january 21, 2009. how zor owes is a hungarian term for class traitor and a man can still have a
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Jan 15, 2013
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in the abbe sense of medium term deficit reduction plan consistent with sustaining the economic recovery and restoring confidence in the long run, sustainability of the u.s. publicbe finances the current negative outlook on triple-a rating is likely to be resolved with a downgrade later this year. even if another debt ceiling crisis is averted. steve? >> of course it is. we are added to the debt at unprecedented pace. of course, the agencies that exist to provide ratings on our debt are going to tell us that we will be downgraded. you have to have a discussion in the broader context. this is why the things are different when you talk about $17 billion in this particular mulvaney amendment. it is not a ton of number. in the context of $1.2 trillion debt. but you to have the discussions about the $17 billion. it's not out of line to suggest that a 1.6%be off-set is reasonable. >> bret: i will say one thing aboutbe the debt ceiling debate quickly. president obama yesterday and then jay carney back in 2011 two different takes but the same message. >> congressional republicans refuse to pay a
in the abbe sense of medium term deficit reduction plan consistent with sustaining the economic recovery and restoring confidence in the long run, sustainability of the u.s. publicbe finances the current negative outlook on triple-a rating is likely to be resolved with a downgrade later this year. even if another debt ceiling crisis is averted. steve? >> of course it is. we are added to the debt at unprecedented pace. of course, the agencies that exist to provide ratings on our debt are...
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Jan 21, 2013
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you will need more revenues as well as more cuts to get the deficit down. we're going to do a budget this year and it will have revenues in it and our republican colleagues better get used to that fact. martha: promise, promises right? they will do a budget this year. we haven't seen one in how long? stuart varney the anchor of "varney & company". how many years has it been now? >> i believe it is 3 1/2 years. we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas where taxes are going to go up. all of this we are told is going to be in the new budget which the senate has to pass in about a three-month period. so, here they come, higher taxes. martha: yeah. i mean, stuart, as you point out the argument that is being waged now about really tax rerecall follow was something that conservatives offered the first tim
you will need more revenues as well as more cuts to get the deficit down. we're going to do a budget this year and it will have revenues in it and our republican colleagues better get used to that fact. martha: promise, promises right? they will do a budget this year. we haven't seen one in how long? stuart varney the anchor of "varney & company". how many years has it been now? >> i believe it is 3 1/2 years. we go through the tax debate. we thought we got higher taxes on...
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Jan 16, 2013
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we have a training deficit in this country. we need to combine training programs and do a better job. are we going to hurt that effort? that's what's at stake here when the republicans say, just cut regardless. they had no reason to remember yesterday to cut all discretionary notary public defense discretionary programs, and i think sadly a hundred and some republicans, i think, 50 voted for willie-nilly across the board. doesn't matter what it is. that's not the way we proceed. >> host: was this the amendment to the sandy relief bill? >> guest: it was. >> host: and it failed, 70 republicans joined about 188 democrats to beat back that amendment put forth. on the tax side of the ledger, deductions and loopholes is what folks are talking about. when you say "balanced approach qtle, spending cuts, and deductions and loopholes and things like that. what are the big ones that would bring in the most revenue? >> guest: well, we've talked about the itemized deductions and they include mortgage interests, charitable contributions, ect
we have a training deficit in this country. we need to combine training programs and do a better job. are we going to hurt that effort? that's what's at stake here when the republicans say, just cut regardless. they had no reason to remember yesterday to cut all discretionary notary public defense discretionary programs, and i think sadly a hundred and some republicans, i think, 50 voted for willie-nilly across the board. doesn't matter what it is. that's not the way we proceed. >> host:...
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the deficit ought to be reduced, not on the backs of seniors. the president clear about that today. even though we won't settle all those disputes, you know, next two or four years, that's no excuse for inaction. >> in terms of the outside game that you were just describing there, a thing to talk about throughout today's time to talk and we have been covering the official festivities is a decision by the campaign effort to turn itself in to from organizing for america in to organizing for action, a formalization of the campaign apparatus to be used during the president's time in office. not necessarily for the nexttin jaebd do agenda done. does that mean campaign style ads run against members of congress to try to persuade them to vote a certain way in congress and otherwise might not have voted without that ad? will that happen? >> well, i would just say stay tuned for what exactly we'll do. we'll be very aggressive and the decision made for us by the supporters. we did an exhaustive project after the campaign and asked them what they wanted to do and the answer very clear. they wa
the deficit ought to be reduced, not on the backs of seniors. the president clear about that today. even though we won't settle all those disputes, you know, next two or four years, that's no excuse for inaction. >> in terms of the outside game that you were just describing there, a thing to talk about throughout today's time to talk and we have been covering the official festivities is a decision by the campaign effort to turn itself in to from organizing for america in to organizing for...
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Jan 14, 2013
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. >> megyn: and my last question for you quickly he's put in place, 3.25 in place of deficit reduction, a little short of 4 trillion we need, but he would have the american public believe he's significantly reduced our deficit as president. >> which makes you wonder why we need another 2 trillion dollars so desperately now as we are getting ready for the beginning of his second term. obviously, that's 2 1/2 trillion that is, well, fanciful in my opinion and ethereal in others and it's not a reduction in baseline, it's a reduction in the rate of growth of spending, which is again suffocating to the private economy and unsustainable over the course of the next several years. >> megyn: one thing we did hear the president reference personally, we heard it from nancy pelosi prior, but the president personally talking about now closing more loopholes and that means higher taxes. we don't know on who, but he would not specify any specific spending reductions and refusing to negotiate with the house republicans on the issue of the debt ceiling. lou, an interesting couple of months. looking for
. >> megyn: and my last question for you quickly he's put in place, 3.25 in place of deficit reduction, a little short of 4 trillion we need, but he would have the american public believe he's significantly reduced our deficit as president. >> which makes you wonder why we need another 2 trillion dollars so desperately now as we are getting ready for the beginning of his second term. obviously, that's 2 1/2 trillion that is, well, fanciful in my opinion and ethereal in others and...
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Jan 21, 2013
01/13
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CNBC
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i mean, america still has got to deal with its deficit. okay. we've gone over the cliff, now we have the debt ceiling. but, you know, even if they get over those two short-term problems, you still have got the problem of a massive deficit, which is going to have to be reigned in. at some point, you're going to get a fiscal squeeze in america and that is going to put a break on what is not very far from economic growth. i think you'll have that which is always something that is going to be there in the background. you have a lot of debt, as well, still in the private sector, which needs to be fluffed off. there's a deraef raejing that you've been seeing right across the western world is still going to go on, i think, for the best part of this decade. >> and we heard leading up to this election that rarely has a u.s. president been elected with such high levels of unemployment. what was different this time? >> oh, i think it had something to do with the candidate he was facing not being able to energize the public. but i also think, look, reflatio
i mean, america still has got to deal with its deficit. okay. we've gone over the cliff, now we have the debt ceiling. but, you know, even if they get over those two short-term problems, you still have got the problem of a massive deficit, which is going to have to be reigned in. at some point, you're going to get a fiscal squeeze in america and that is going to put a break on what is not very far from economic growth. i think you'll have that which is always something that is going to be there...
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Jan 17, 2013
01/13
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you have the looming federal deficit, but you also have this deficit in infrastructure. what it takes to sustain mobility, the economy, society. we can't ignore one by taking care of the other. there has to be a package deal. the simpson-bowles commission recognized it had to be part of the package. you have to demand that transportation be part of this overall solution that is put together and get into whether ideas have a better chance of enactment. but what our stance is, if you simply go to the republican caucus and say, let's raise taxes, they'll throw you out of the room. but if you go to them with a proposition, can we reduce the deficit of $150 billion? can we make the program pay its own way and can we sustain jobs and the solvency of the highway trust fund all in one, i think we'll have something to go on. again, thank you so much for the cary award. we value this and i appreciate the recognition and we want to commitment our -- continue our commitment to research and debate opportunity to share with you the thoughts on this idea. what you heard the secretary s
you have the looming federal deficit, but you also have this deficit in infrastructure. what it takes to sustain mobility, the economy, society. we can't ignore one by taking care of the other. there has to be a package deal. the simpson-bowles commission recognized it had to be part of the package. you have to demand that transportation be part of this overall solution that is put together and get into whether ideas have a better chance of enactment. but what our stance is, if you simply go to...
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Jan 21, 2013
01/13
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FBC
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moving forward in tackling debt and deficits, he did talk about tax reform. talk about slowing the growth of these expenses, but still no change in his governing philosophy, if not impassioned defense of his governing philosophy. we have heard from democrats and republicans not throughout the day calling for bipartisanship, calling for working together to solve our problems. this is inauguration day, much like election day after all the votes are tallied and everyone has a mullen of togetherness, showing a willingness to work together. you still have a very divided washington and washington that is trying to wade through these problems with two very different gun and philosophies, two very different ideas on how to achieve success. lori: the president digging in. you mentioned the philosophy. this proposal being floated about. >> right. this is at three day proposal. three months proposal. excuse me. republicans will vote on it in a few days in the house. it has not gone completely shut down, so we may get at three month extension of the debt ceiling. extendi
moving forward in tackling debt and deficits, he did talk about tax reform. talk about slowing the growth of these expenses, but still no change in his governing philosophy, if not impassioned defense of his governing philosophy. we have heard from democrats and republicans not throughout the day calling for bipartisanship, calling for working together to solve our problems. this is inauguration day, much like election day after all the votes are tallied and everyone has a mullen of...
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Jan 15, 2013
01/13
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CNNW
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he promised to pay down the deficit at least half in his first term. the first two years of his first term he had a democratic congress house and senate. he could have done anything he wanted. instead he put through an $800 billion stimulus bill and a $1.7 trillion obama care. if he wasn't going to address it then, when is he going to address it? he is essentially holding congress hostage right now and the american people with these scare tactics. >> okay, newt gingrich addressed this whole issue on "cbs this morning" and i'll read you what he said. "it isn't a smart fight for congressional republicans to pick, because in the end, it's a threat they can't sustain. no one is going to default, no one will allow the united states to not pay its bills, no one is going to accept the economic costs. it rallies the entire business community to the president's side." so even newt gingrich says this isn't a wise fight to pick. you may feel strongly about spending cuts but this isn't the right time to fight. >> when is the right time? when is the right time? bec
he promised to pay down the deficit at least half in his first term. the first two years of his first term he had a democratic congress house and senate. he could have done anything he wanted. instead he put through an $800 billion stimulus bill and a $1.7 trillion obama care. if he wasn't going to address it then, when is he going to address it? he is essentially holding congress hostage right now and the american people with these scare tactics. >> okay, newt gingrich addressed this...
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Jan 14, 2013
01/13
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they think the 1.2 is equal to the deficit. it's only 10% of the deficit. my solution is to raise taxes by $300 billion and cut spending by $900. -- by $900 billion. i find the american public is not very smart. host: you know, that is -- the educational question is a fundamental question. here's what happens. let's talk in practical terms and not a theoretical terms. when paul ryan came out with his budget, he had some substantial changes in medicare and medicaid. over time they would've been phased in. no one over the age of 55 would've been affected by them, giving you time to really prepare for your retirement. the changes were relatively minor in the short run, but compounded over the next 20 years would've made a real difference in our indebtedness. that is not the kind of debate we had last year either at the presidential or senatorial congressional level. it was this. people want to change medicare want to push ganny. off a people who want to change medicaid are hard hearted and don't care about poor people. we never had a debate on the fundamental
they think the 1.2 is equal to the deficit. it's only 10% of the deficit. my solution is to raise taxes by $300 billion and cut spending by $900. -- by $900 billion. i find the american public is not very smart. host: you know, that is -- the educational question is a fundamental question. here's what happens. let's talk in practical terms and not a theoretical terms. when paul ryan came out with his budget, he had some substantial changes in medicare and medicaid. over time they would've been...
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Jan 21, 2013
01/13
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KTVU
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the debt, deficit, entitlement reform. immigration, foreign policy problems tend to be incredibly important in second terms as presidents realize, while they become lame ducks that advancing domestic agenda legislation is very difficult. we'll see the president likely travel more and deal with much of his international legacy. trying to wrap up his second term as best he can with so much unfinished foreign policy business he inhurted from bush administration. buckle up, jeff. not with standing the poet's kind words and the president's lofty rhetoric, washington tomorrow goes back into the being the political crawl city it has been in past years and likely to escalate more so. happy day, shep. shepard: happy day. at least we have today and men and women from both political parties, from the far right, far left and all of those in the middle, they're about to sit down for some individual tils. happy they are all are, dvittles. secretary lew and the rest for new cabinet sick tears all with fights ahead. we seen former preside
the debt, deficit, entitlement reform. immigration, foreign policy problems tend to be incredibly important in second terms as presidents realize, while they become lame ducks that advancing domestic agenda legislation is very difficult. we'll see the president likely travel more and deal with much of his international legacy. trying to wrap up his second term as best he can with so much unfinished foreign policy business he inhurted from bush administration. buckle up, jeff. not with standing...
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Jan 20, 2013
01/13
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he's more interested in that than i think than getting the deficits under control. >> one thing i will say four years ago before his first inauguration, he went to the waup editorial meeting and he talked a good game. he knows you need to put this country on a sustainable path not just for the economy but also just for dealing with our lock-term debt and american competitiveness. does he use his leverage like clinton did with welfare reform to try to come up with an acceptable solution on this key issue because we're confronting the debt, the republicans in congress are focused on it. it's going to be an area where he will have some maneuverability in the next two years. >> does he have that leverage? on the one hand he's got a republican base that says give us those big entitlement changes or we won't give you anything but he's got a democratic party that's already going to think ahead to the midterm elections. you have new voices. senator elizabeth warren of massachusetts said i will not cut medicare. >> and chuck schumer said today that the senate would come up with its own budget.
he's more interested in that than i think than getting the deficits under control. >> one thing i will say four years ago before his first inauguration, he went to the waup editorial meeting and he talked a good game. he knows you need to put this country on a sustainable path not just for the economy but also just for dealing with our lock-term debt and american competitiveness. does he use his leverage like clinton did with welfare reform to try to come up with an acceptable solution on...